Invesco Bond Income Plus Share Price (BIPS)

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Share Name Share Symbol Market Type Share ISIN Share Description
Invesco Bond Income Plus Limited LSE:BIPS London Ordinary Share JE00B6RMDP68 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
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  1.00 0.67% 149.50 243,641 16:35:20
Bid Price Offer Price High Price Low Price Open Price
149.50 151.00 150.50 148.50 148.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 17.58 16.10 11.21 13.3 152
Last Trade Time Trade Type Trade Size Trade Price Currency
17:20:17 O 6,449 149.777 GBX
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Invesco Bond Income Plus (BIPS) Latest News (1)

Invesco Bond Income Plus News

Date Time Source Headline
04/10/202212:03UKREGInvesco Bond Income Plus Ltd Net Asset Value(s)
03/10/202216:51UKREGInvesco Bond Income Plus Ltd Portfolio Update
03/10/202211:59UKREGInvesco Bond Income Plus Ltd Net Asset Value(s)
30/9/202212:24UKREGInvesco Bond Income Plus Ltd Net Asset Value(s)
29/9/202211:53UKREGInvesco Bond Income Plus Ltd Net Asset Value(s)
28/9/202212:31UKREGInvesco Bond Income Plus Ltd Net Asset Value(s)
27/9/202212:17UKREGInvesco Bond Income Plus Ltd Net Asset Value(s)
26/9/202212:21UKREGInvesco Bond Income Plus Ltd Net Asset Value(s)
23/9/202212:04UKREGInvesco Bond Income Plus Ltd Net Asset Value(s)
22/9/202212:07UKREGInvesco Bond Income Plus Ltd Net Asset Value(s)
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Invesco Bond Income Plus (BIPS) Discussions and Chat

Invesco Bond Income Plus Forums and Chat

Date Time Title Posts
30/9/202209:12Invesco Bond Income Plus172

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Invesco Bond Income Plus (BIPS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-10-04 16:20:27149.786,4499,659.12O
2022-10-04 15:35:20149.506,1949,260.03UT
2022-10-04 15:28:39150.55267401.96O
2022-10-04 15:08:53149.981,6662,498.68O
2022-10-04 15:08:27149.981,6662,498.68O
View all Invesco Bond Income Plus trades in real-time

Invesco Bond Income Plus (BIPS) Top Chat Posts

Top Posts
Posted at 04/10/2022 09:20 by Invesco Bond Income Plus Daily Update
Invesco Bond Income Plus Limited is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker BIPS. The last closing price for Invesco Bond Income Plus was 148.50p.
Invesco Bond Income Plus Limited has a 4 week average price of 142.50p and a 12 week average price of 142.50p.
The 1 year high share price is 196.50p while the 1 year low share price is currently 142.50p.
There are currently 101,641,204 shares in issue and the average daily traded volume is 279,182 shares. The market capitalisation of Invesco Bond Income Plus Limited is £151,953,599.98.
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Posted at 22/9/2022 09:19 by cocopah
I’ve been following BIPS for a while now … what’s troubling is the increase in risk … the investment managers have doubled the gearing and in addition nearly 80% is invested in high yield bonds … if non-payments increase then they are in trouble. On the plus side a lot of these bonds are issued by blue chip organisations.ԍ35;‍♂5039;🤔
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Posted at 21/9/2022 22:04 by marktime1231
It is my recollection (and other posters at that time) the annual report back in around early April confirmed that net income did NOT quite cover the 11p dividend, that the dividend would be held flat for 3 years, and revealed BIPS had increased gearing by about 5% eg borrowing to cover payments. I think there was an agreed tier-down in management fees in order to narrow the dividend-income gap. Confess to not having paid attention with such a dull outlook and dropping NAV, filed BIPS away as a background holding. Do I need to read the detail of the H1 report from last month? I do not believe they can have achieved such a turnaround in just five months without doing something which requires explanation. Does net income from investments on an annualised basis truly now cover an increased dividend, or is there a shortfall being made up by gearing and a liitle asset horse-trading to eke out some gains, buying and selling own shares, a disjoint between the timing of income receipts and dividend payments which flatters H1 but straightens out over the full year, has gearing increased again ... my instinct is that your figures do not tell the full story. Did you note net income after all management fees, finance costs, taxation etc? Bet you the dividend cover is very much narrower than you present, and I cannot believe it will have turned around from negative to positive so quickly without borrowing heavily to boost receipts and plug the gap.
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Posted at 21/9/2022 15:26 by riverman77
Well high yield bond yields have increased significantly over the last year from around 4% to 8.5% currently, so actually they could support an even high dividend if they chose to (especially with increase gearing), although probably not prudent. Seems to be a bit of confusion here - the fall in the NAV is due to mark to market pricing of the bonds (they don't have 30% less assets!). These bonds will revert to par as they mature, and the income produced by these bonds won't be affected by fall in NAV (unless there is a big rise in defaults, but no sign of this so far in the areas BIPS are invested in).
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Posted at 21/9/2022 12:21 by cc2014
#164 If the dividend is so easily covered why does the NAV keep falling? Or put another way the share price has fallen from 195p to 150p. That's a 30% decline. The market cap has fallen from around £317m to £244m with broadly the same happenning to the AUM So, what BIPS is proposing is that is will increase the cash going out on the dividend by 4.5%, set against 30% less assets to produce the income to pay it.
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Posted at 21/9/2022 11:46 by riverman77
There has been a big rise in bond yields across the board over past few months, including high yield bonds where BIPS focus on. This should support a much higher dividend going forward so no concerns about this not being covered
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Posted at 21/9/2022 11:29 by marktime1231
Similar reaction, a good news surprise, or is it? BIPS trying to support the sp, dividend progress to offset inflation, but no narrative on whether this increase is covered by income. A little reassurance for BIPS and other high yield debt owners, the more risky end of the corporate bond (junk) market has re-opened with a lottery company in Italy raising at 9.75%, and it was massively over-subscribed. So new opportunities are emerging to replace expiring ones and it is back to a game of deciding which ones are worth the risk.
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Posted at 21/9/2022 07:15 by rik shaw
4.5% increase in dividend: hTtps://uk.advfn.com/stock-market/london/invesco-bond-income-plus-BIPS/share-news/Invesco-Bond-Income-Plus-Ltd-Dividend-Declaration/89106636
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Posted at 16/9/2022 20:03 by mrmuggins
Yes, the closing auction trade of 260,000 ish at 145p, well below the 153-154p traded during the day. Similar large closing trades occurred for NCYF, TFIF and SMIF, but these share prices did not crater like BIPS. Hopefully the share price will "correct" back to around 153p on Tuesday as I am not aware of any major change in NAV.
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Posted at 28/8/2022 09:19 by speedsgh
‘BIPS’ bags high yields buying bargains in bonds carnage - HTTPS://citywire.com/investment-trust-insider/news/bips-bags-high-yields-buying-bargains-in-bonds-carnage/a2395661
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Posted at 19/8/2022 08:23 by cc2014
I skimmed the report. Important comments about lack of issuance at the moment due to everyone getting away their lending "cheap" last year but that at some point they have to come back to the market. I'm personally happy with the gearing and the way BIPS approach it. Increases when bond prices fall and they add positions and then slowly reduces as prices rise (or perhaps bonds mature and they see nothing they fancy to replace it with). Prices rising at moment so happy for them to keep the gearing in this phase.
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Invesco Bond Income Plus share price data is direct from the London Stock Exchange
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